CITIGROUP

Citigroup expects to reduce about $400 billion in non-core assets over the next three years, as the largest U.S. bank seeks to boost efficiency and regain profitability.

Citigroup chief executive Vikram Pandit is set to present his plans and outlook for the largest U.S. bank, when it holds its annual Investor Day meeting on Friday.

U.S. stocks fell as Yahoo dropped the most in almost two years after Microsoft Corp. abandoned its $50 billion bid for the company and Countrywide Financial Corp. tumbled on concern its suitor will abandon its pending takeover.

UAL's United Airlines is contemplating asking its banks to revise the terms of its credit facility in a bid to gain crucial financial flexibility to withstand the airline industry's sharp slump, according to media reports released Monday.

The Kuwait Investment Authority may boost its investments in Citigroup Inc and Merrill Lynch & Co, according to comments by the group's managing director.

U.S. stocks rose on Wednesday as investors awaited the Federal Reserve's decision on interest rates and its assessment of the state of the economy, while consumer-products giant Proctor & Gamble Co. and automaker General Motors Corp. reported better-than-anticipated results.

Citigroup said it sold $4.5 billion of common stock on Wednesday, more than it expected to sell, citing strong investor demand as it seeks to stabilize its finances.

General Motors Corp., the world's biggest automaker, reported a net loss of $3.25 billion in the first quarter as its North American division continues to struggle. The results beat Wall Street expectations of a bigger loss, sending the company's stock up more than 8 percent in early trading.

Citigroup, the largest U.S. Bank, is looking to raise an additional $3 billion in capital as it seeks to stabilize its finances, announcing on Monday that it is offering more stock to investors.

Mastercard Inc., the world's second largest credit-card company, said its earnings more than doubled in the first three months of 2008 on higher use outside the US, helping the company to surpass its larger rival Visa Inc.

By Dan Denning With the housing slump still rolling downhill, the Dollar had just made a record low against the Euro, with the European currency rising above $1.59.

Apple Inc is expected to report a profit for its second fiscal quarter on Wednesday that will top the company's usually conservative guidance but the stock has been on a roller coaster the past two days as investors react to differing analysts' views.

Dollar fell against the Euro on Monday due to the unexpectedly weak result from the Bank of America which dampened the investors in the banking sector and also renewed concerns about the US economy.

Citigroup may need to suspend or cut its dividend to shareholders as the company makes moves to regain profitability in the wake of heavy losses linked to the mortgage and credit markets, according to an analyst.

U.S. stocks declined for the first time in five days on Monday after Bank of America Corp. and National City Corp. reported earnings that fell short of expectations and added to concern that banks are being hard hit by the subprime mortgage crisis.

Dollar rose against the Euro on Friday after Citigroup's results sparked hope that the worst of the credit crisis has passed.

By Jon Nadler Heavily weighed down by an initial retreat in crude oil and the dollar's rapid ascent to 72.22 on the index, gold prices took a nearly 4% tumble during the day of this final s...

Citigroup Inc, the largest U.S. bank by assets, announced a $5.1 billion first quarter loss along with more than $12 billion in writedowns linked the struggling mortgage and credit markets.We'...

The dollar gained sharply against the euro on Friday after Citigroup reported results which bolstered speculation that financial markets are at or near the bottom of the credit crisis.The dollar ro...

Gold futures took a sharp plunge on Friday as the precious metal was pressured down by a rising U.S. dollar which lowered investors' demand.Gold for June delivery dropped $27.70 to end at $915...

Citigroup Inc, the biggest U.S. bank by assets, avoided more severe expectations for losses on Thursday after reporting a $5.1 billion loss in its first quarter, sparking a relived rally among invest...